ACWI

SPDR MSCI All Country World UCITS ETF (Acc) is an accumulation UCITS ETF listed on the London Stock Exchange that seeks to track the MSCI ACWI index and deliver broad, market-cap weighted exposure to both developed and emerging equity markets. The fund holds over two thousand securities across large and mid caps, so its returns are driven primarily by the largest global companies, sector composition (notably a meaningful weighting to information technology), country allocations (with a heavy US influence) and currency movements between the fund's USD base and trading currencies such as GBP. The ETF is commonly used as a one-ticket core global equity holding for long-term investors who want diversified exposure with dividend reinvestment and a relatively low ongoing charge. Principal risks include general equity market volatility, concentration risk from large-cap US/technology names that can dominate performance, and currency risk for investors whose home currency differs from the fund's base currency.

Top holdings:

• NVIDIA Corporation (NVDA): 4.98%
• Apple Inc. (AAPL): 4.03%
• Microsoft Corporation (MSFT): 2.98%
• Amazon.com, Inc. (AMZN): 2.44%
• Alphabet Inc. Class A (GOOGL): 2%
• Broadcom Inc. (AVGO): 1.83%
• Alphabet Inc. Class C (GOOG): 1.68%
• Taiwan Semiconductor Manufacturing Co. Ltd. (TSM): 1.67%